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105 Central WayKirkland, WA 98033
Kirkland Lake Building
Asset ClassRetail
overview of deal

Overview

Kirkland Lake Building presents the exceptional opportunity to acquire a rare, generational asset located in the heart of Kirkland's downtown waterfront. This rare investment offering features a dynamic use profile, encompassing 12,573 SF of retail and 9,908 SF of office.

 

Strategically positioned on Central Way, Kirkland Lake Building lies at the epicenter of the downtown waterfront district, one of Kirkland's most walkable, transit-connected, and culturally rich districts. The Property benefits from strong foot traffic, excellent access & visibility, and thriving urban-suburban environment.

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Investment Highlights

  • Generational Kirkland Waterfront Location
  • 5.44 Years Of WALT
  • Exclusive Parking Garage
  • New 10-Year Molly Moons Lease
  • 100% Occupied
  • Highly Affluent Trade Area
  • Strong NOI Growth
  • $220k Average Household Income
  • Strong & Stable Tenant Mix
  • High Barriers To Entry

OFFERING TERMS

Terms of the Offering
Purchase Price
$18,830,000
Year-1 NOI
$941,300
Cap Rate
5.00%
Building Area
22,481 SF
Land Area
0.26 Acres
Occupancy
100%
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Sales Team

Billy SleethExecutive Managing Director(206) 250-3944billy.sleeth@nmrk.com
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Listing provided by Revere CRE